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to use election year to make money! first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. october 5th. i'm angela miles. in today's first look: you know the drill - it's the first friday of the month, making it a jobs friday. economists and traders expect up to 120,000 jobs were added in september and the unemployment rate will remain around 8.1%. ahead of the news, stocks and commodities rallied after jobless claims and factory orders came in better than predicted. a zynga sell off! the struggling social media game company cut its full-year outlook. shares dropped below $3. reports say at&t will sell nokia's new lumia smartphone. the national hockey league has cancelled all regular season games through october 24 as players and the league fail to reach a contract agreements. and schwab & amertride are reportedly closing some offices in the e.u. john brady of rj o'brien joins us now. john, jobs are on tap this morning. > > expectations are for non- farm payrolls in the month of september to reach plus 100,000, whi
to the opposition. he paved the way for elections on thursday, promising that parliament would have greater rights without encroaching on the king's powers. the muslim brotherhood wants to see real change. it has been adopting a more controversial attitude in the wake of successes -- more confrontational attitude in the wake of successes in egypt. >> everyone knows what we want. we wish to see genuine constitutional reforms. and we want a new election law. the current election law is unacceptable. >> the muslim brotherhood says it will boycott the upcoming elections, which could damage the legitimacy of any future parliament. >> back here in germany, there is a year to go until elections, but there's already a taste of campaigning in the air. >> the social democrats picked former finance minister peer steinbruck to challenge the prime minister. then and now, he has gone into this for a spot of bother, and it is all about money. he has been a favorite on the election circuit. h>> but his critics want to know exactly how much and who he has been speaking to. after days of pressure, he is caving in.
.8%. that's the best since barack obama took office and it's certainly positive news for his re-election hopes because no president has been re-elected with an unemployment rate above 8% since roosevelt in the 1830s. erin herself has made this point many times. >> the unemployment rate may be high, but the the absolute number is not what matters when it comes to getting re-elected. that's about to trend. every president running since world war ii has won when the rate was falling and lost when it was going up. best example, get ready. >> it's morning again in america. today, more men and women will go to work than ever before in our country's history. with interest rates at about half the record highs of 1980. >> yeah, you know what ad was for. that was ronald reagan, who won the election with a rate of 7.4%. so, the question is, can mr. obama win one like the giper or is the number still bad enough to doom his hopes? well, cue mitt romney. that's what happened today. his team is furiously pointing out how many people are underemployed. last month's household survey found 582,000 of the
that election that year, whether or not it was because of the debate, i don't know, but thus was born the entire school of punditry that says it's all about the optics and watching things with the sounds off and all that existentially exhausting stuff we still say today. but here is the relevant context for understanding what happened last night. when mitt romney beat president obama in last night's televised debate. so the first televised presidential debate that we had was in 1960. here are all of the other years that we have since have televised presidential debates. every four years now we have these debates on tv. the only years, though, so these are all the years, right, right? the only years, though, in which you had an incumbent president running against a challenger in all of the years we've had presidential debates on tv are these years. so in terms of understanding the historical context of what happened last night when mitt romney beat president obama in this first debate, this is the universe of like things to compare it to. this is how to understand it in terms of american politica
will be removed from the roles. opponents say it was illegal within 90-days of the election. judge said florida has a duty to stop ineligible voters from voting. bruce davis has been granted parole after 40 years behind bars. could be overturned by jerry brown. davis was convicted over 2 murders unrelate to do the infamous sharon tate murders. >> time for another look at who is talking. >> we are talking about al gore he gives interesting bizarre explanation of the president's debate performance. take a look at this. >> i am going to say something controversially. obama arrived in denver at 2:00 p.m. today just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet and you only have a few hours to adjust, i don't know maybe. >> mitt romney also talking about that comment this morning giving sean hannity his take on the former vice president's debate announcement. >>> would you agree maybe the altitude had an impact on the president last night. that was al gore's theory. >> look, it was a chance for each of us to describe our vision for the country
it your way or the highway. i did that. i tried that in 2005. through the special election -- i said, here is my way or nothing. it failed miserably. i knew from firsthand that that approach does not work. the people of california, they overwhelmingly reelected the next year. the issues were on the ballot because i was inclusive and reaching across the aisle, to democrats and republicans together. no matter what time it is, 100 years ago, 10 years from now, i think the key thing is that you have to encourage -- have the courage to reach across the aisle. i mentioned in my speech political courage is not political suicide. senator mccain is a perfect example. he worked together with teddy kennedy and senator daschle, so many other people. we have seen his political courage. there are not enough at stories on the media done on the people who have political courage. they always want to look for the negative. >> it has become more so -- political suicide than it used to be. part of it is the drawing of district lines of that everybody agrees with you and the only way you can get in trouble is
, we are also very concerned that if there is a very close election or multiple close races in the upcoming election and it seems likely there will be, that if people don't trust the outcome, that is really bad for our democracy. >> rose: the president's debate and the political race when we continue. funding for charlie rose was provided by the following. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. city, this is charlie rose. >> rose: we begin this evening with polics, governor romney was the clear winner last night in the first of the three presidential debates, his performance revived a campaign dogged by weakening poll numbers a candidate emerged that republicans hoped for, friends often describe but the electorate had yet to encounter. >> that was survey done of small businesses across the country, said what has been the effect of obama care on your hiring plans and three quarters of them said it makes us less likely to hire people. i just don't know how the president could come into office, facing 23 million peop
college town in america by people who ranked us. so when i was elected mayor i got the best spot in the city in front of city hall which is in the heart of our downtown. what are we going to do with this? i got to park benches we were not using anymore in the tree was being cut down. we hollowed out the tree and sliced it into chunks and put flowers in it and created the smallest park in the city. instead of reserve for mayor we have assigned it said reserve for mayor and friends. automatically small things change instantly the way people thought about how much space we use for cars. change was possible on a small budget and it changed the way people protested my decision. they take right away to the parking spot. i didn't anticipate that one. they say the sign says friends right there. that kind of creativity -- in the last thing is, the first is energy in the second is creativity and the last thing as moral authority. i mean in an unambiguous sense of what is right and what is wrong and fair. it is not true of everybody but for a lot of us that same six euro bill as a dinosaur.
demonstrated demanding political reform and new elections called by the king. he wears it well. 50 years since 007 hit the silver screen. we bring you nostalgias with the world's most famous -- nostalgia with the world's most famous spy. the turkish government insists it will respond forcefully to any of cells on -- assaults by syria on the turkish people. the country does not intend to start a war with syria but he has the backing of parliament to act with force if necessary. the turkish foreign minister spokesmen told the bbc it was in syria's hands to insure calm returned to the area. >> there were schelling's in the last 10 days. -- shelling in the last 10 days. the thelling was huge -- the shelling was huge and painful. we do not want to declare a war, but we have to prepare for any eventuality to protect our citizens. >> we are in the border area with our correspondents in just a few minutes. let's have a look at some of the other stories making headlines around the world. american tourists killed a person after opening fire in a hotel. the gunman was shot dead by security forces after h
hugo chavez faces a young challenger. >> the election marks a watershed moment for the world's second largest oil producing nation. and a critical supplier of crude oil to the u.s. its number one customer. >> woodruff: that'all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: carnegie corp >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: more jobs, less unemployment. the september numbers offered the latest look into the u.s. economy, and the latest fuel for the fight over economic policy in the presidential campaign. it was the kind of news that president obama hoped for, just over a month before the election and two days after a sub-par debate outing. >> more americans entered the work force, more people are getting jobs. >> brown: indeed, september's unemployment rate, calculated by a survey of households, fell to 7.8%. that's the lowest since the presid
out a few days before the election and that's a plus for the president since ohi gen romney. >> wendell goler travelling in cleveland. and following romney's strong performance in the debate, what happens now? here is chief political correspondent, carl cameron. >> reporter: with a month before election day, unemployment below 8% for the first time in the obama era, mitt romney called it too little, too late and too high since so many have stopped looking for work. >> the truth is if the same share of people participating in the work force today as the day the president got elected our unemployment rate to be around 11%. >> romney's plan says it will create new jobs, instead of part-time, helping to get it under 8% before the election. i'll help create 12 million new jobs and rising take home pay. >> romney's debate performance intersecting polls, and rasmussen shows romney inching ahead in virginia and ohio albeit within the margin of error and the daily tracking poll has the president up 5 points. romney met privately with laid off miners and blasted the president for wag
force and recovering economy or wellien indeed. >> they want to slow the economy before the election and if you don't believe that -- >> that was a year and a half ago. >> i have a bridge i want to sell you in oakland. that's what the republicans and obstructionists in congress is about. >> joining us is cnbc's amman jabbers. you're the man with the answers. mitt romney is walking on stage and we'll have to go to him shortly but is it a good day for the american economy or not, tell us? >> it's definitely a good day. the auto sales number was good, consumer confidence up, but we had truthers, birthers and now we've got jobbers, these people who don't believe the government data here and to those people i would quote carl sagan and say extraordinary claims require extraordinary evidence and there is simply no evidence that anybody at bls did anything improper here. that number came down to 7.8% because of the household survey being very, very strong more than 800,000 jobs created in that survey. there's a technical reason for that i won't get into but that's what happened here. it's a
people if they believe we are on the road to greece. if this president is re-elected, that is the road we will be on. i will cut and cap spending and as to a balanced budget. -- get us to a balanced budget. [cheers and applause] the last up to get this economy going is to do this -- championed small businesses. help them grow and keep their taxes down. by the way, the president has a bad idea when it comes to small businesses. this is his idea of taking away the right of the secret ballot for workers when they decide whether or not they won a union. they should have a right to a secret ballot. he wants to take it away. i will protect the rights of workers. [applause] president obama says that he has created 5 million new jobs. what he has not told you is that the economy has not created jobs like it should have. this has been the slowest recovery since the great depression. as a matter of fact, he said we would be at 5.4% of unemployment. instead we are at 8.1%. 9 million jobs at different. that is the difference. when paul and i get to the white house, we will get america back to working
that that does not happen in the six weeks leading up to the election, because the narrative of the campaign has been that the the democrats and particularly obama has had four years to make it better and he failed to do so and the numbers prove it. if things get better in october, that undermines a fundamental aspect of a campaign strategy, and i am not questioning whether or not mitt romney, a whole series of republicans want the economy better. right now it's strategically better if the economy is worse, given that argument for election. >> i don't know how you argue that 114,000 jobs is the economy getting a lot better. >> i'm not saying there is. i'm saying there would be a desire for this to remain and look worse in the weeks leading up. >> let's go to john harwood for the last word on this. >> every out party before an election wants voters to feel things are going badly so they vote for change. that's how it is whether republicans are in power or democrats are in power. >> thank you very much. i greatly appreciate your insight. cleaning up the mess. it took three weeks but governor romne
numbers, jack, you can't touch those numbers before they're published. >> larry, look, this election is too important to have it hinge on one number. we got this number of 7.8 today, below where the president came in and we have assumptions. what i wanted to see and there's a real debate about this number. larry, the private sector household number, which is done by calling 50,000 people in the hundred plus million population for workers came in with a number of 873,000 people. that is the highest number since 1983, booming reagan years when you were there. >> i understand. i don't feel like defending bureaucrats left and right, it's not my favorite thing. but these guys, as the labor secretary said, they use surveys and models, it's only a 50 or 60,000 sample but that's nothing new. that's the way it's been for as long as the data is kept. you got 600,000 part-time workers. that was the biggest piece of it, an increase of 600,000 and self-employed went up 118,000 with some other factor, you get your 873,000. now, jack, here's my point. these numbers are subject to huge revisions, ok
winning a re-election versus romney, the challenger coming in and wing. and what happens is there is a divergence. health care in general tends to do okay if people think romney is going to be re-elected and that is overall. but health care really breaks down to the service providers like the hospitals. which would actually severely benefit quite a bit if obama care continued on as planned. but if we had someone like romney come and take over and you know do what he says to get rid of obama care the folks who provide service are certainly going to be adversely affected. the folks that provide insurance are going to be positively affected. we saw that effect today. it was very marked. >> susie: let's look at another sector because romney was talking a lot about how much he likes coal, both candidates mr. talking about energy independence and you look at how coal stocks did today, big gains there like arch coal, like alpha natural resources, is this a good place to put your money? >> well, i tell you this. it's early to be making bets on any sector and predicated against a
. the first thing is we were in the middle of an election campaign, and candidate bill clinton was comparing beijing to baghdad. and this was right at the time when china was moving from baghdad to paris. maybe i'm overstating the case a little bit, but that's essentially what was happening. i mean, this was a dramatic shift in china, and the u.s. government paid absolutely no attention to it. it had no impact on the policies of the clinton administration when it took office. and, of course, since i was the american ambassador to china this confronted me with problems with an american government that had one view of china, that china was already moving in a different direction, and that created some contradictions in trying to carry out my instructions faithfully. but i think this time, you have something that goes of that. clearly are the bush eli a fair has exposed that china's political system is not different from others. leaders struggle for power. they have their own ambitions. some succeed, some come crashing down, as in the case of bush eli. so we shouldn't assume that just because c
and the presidential election. >> tom: i'm tom hudson. but with millions of americans still out of work, we visit one company looking to solve that problem. we round out our job retraining coverage with goodwill. >> susie: and tonight's market monitor guest thinks the stock market rally has some life left in it. he's chuck carlson of horizon investment services. >> tom: that and more tonight on nbr! >> susie: more americans are going back to work. the unemployment rate now stands at 7.8 percent. it's the first time in almost 4 years that this key measure of the job market has dropped below 8 percent. american businesses added 114,000 new jobs in september and the readings for july and august were revised higher. so, is the labor picture as good as it seems? erika miller takes a closer look at the data and what it says about the u.s. economy. >> reporter: 3-tenths of a percent does not seem like much. but, when it comes to the nation's unemployment rate, a 3- tenths of a percent drop is actually staggering. the unemployment ratnow stands at 7.8 percent. that's the lowest level since january 2009, when
it "forewarned." with your help, paul ryan and i will get elected. [cheers and applause] you'll see enterprises a large and small decide to open their doors and expand. we will see the kind of recovery that america needs and deserves. i have confidence in the american people. i know that created and patriotic people in here. we love this country. there is no other nation on earth like it. we are an exceptional nation. i believe that. when the founders wrote that document known as the declaration of independence, they changed the world with insights that god gave us our rights and not the government. [cheers and applause] these are rights which we have. i love america. my confidence in the future comes from my passion for this country and for the people of this country. do you realize how unusual we are as a people? i do not know how it began, but it is here. it is in our hearts. some years ago when i was serving as governor of my state, the then president of israel came to boston. i happen to have a lunch with him in someone's apartment. someone said to him, "what you think about america's invo
with the facts! we all have to do that. we all have to fight in these last days to the election. all right. so to hash over last night's presidential debate and look ahead to president obama's strategy in these days ahead we're going right now to chicago and ben labolt, the national press secretary for president obama's re-election. so ben welcome into "the war room" again. let's get right to it. what's the day after looking like for team obama tonight? >> well, you saw the president out there on the campaign trail today, calling out what were mitt romney's distortions last night. the president said that the same mitt romney didn't show up at the debate as showed up in the republican primaries. he was running away from his $5 trillion tax cut plan for millionaires and billionaires but we know the facts. the middle class and seniors would have to pay for the tax cut. he talked about replacing the affordable care act but he didn't say with what. he said he would cover people with pre-existing conditions. what he left o
, unreliable indicator. >> why are we talking about it? you're never going to get elected above 8%. >> ten years i've been saying this to people, stop using it, start talking about whether or not -- 114,000 jobs are created, those are jobs that were created. those are jobs created minus jobs lost. that's easy arithmetic that a second-grader can do. the unemployment rate is a little bit of a red herring, used as a political football, being used again as a political football today. i find it much easier to understand the other numbers. >> i don't know if we have this graphic, i tried to make it up super, super fast. >> making your own graphics now. >> throwing my staff into total disarray. i'll hold it up, can you see it? >> that's great. very tv friendly, ashleigh. >> it speaks to your spoipoint. this is what i do when i have nothing else to do. i went back to 1936 and the jobless rate was 13.6% and the next time it was 14.6%. and then he brought it down to 8.2%, a heck of a turn. >> if it goes up, you think it is bad. if it goes down, you think it is good. any fool can tell you whether it
live for you on "morning joe." it's the second to last jobs report before the november election. economists expecting about 113,000 jobs added. the unemployment rate to hover around the current 8.1%. after wednesday night's debate, which drew more than 70 million viewers, large crowds awaited both candidates on the trail. president obama greeted by 30,000 in madison, wisconsin, came out ready to fight back and showed the fire he was lacking in denver. >> when i got on the stage, i met this very spirited fellow who claimed to be mitt romney. but i know it couldn't have been mitt romney because the real mitt romney's been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. yet, the fellow on the stage last night, who looked like mitt romney, said he did not know anything about that. but i just want to make sure i got this straight. he'll get rid of regulations on wall street, but he's going to crack down on "sesame street." thank goodness somebody's finally cracking down on big bird. who knew he was responsible for all these defic
, this election season, it is political. president obama says there is more to be done. governor romney says this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the left is the president since the recession. the rate has not been this low sin the inauguration in january of 2009. of course, this could be a potential boost to the president's campaign. no incumbent since the great depression has been re-elected with unemployment above 8 percent. the president said the economy is moving forward and suggested governor romney's policies would spark another financial disaster. >> we made too much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen and i won't allow it. >>trace: governor romney downplayed the new jobs numbers. he wrote in a statement and i quote, "this is not what a real recovery looks like. we created fewe
the election? meanwhile a shifted swagger as mitt romney waits to see if his numbers swing up after a decisive debate. he certainly has a spring in his step out on the campaign trail. on the whole 47% comment that never came up at the debate romney says he was wrong. as for the president, he put some mileage between himself and the mile high city with much more fiery talk than anything we heard from him at the actual debate. but is the president's tough talk too little too late? good morning from washington. it's friday, october 5th, 2012. this is "the daily rundown." i'm chuck todd. we'll have much more on the new jobs numbers in minutes with economist mark zandi, texas senator kay bailey hutchison is here, and an exclusive this morning senior adviser to the president david plouffe. but first right to my first reads of the morning. we'll hear from the obama and romney campaigns on the jobs numbers. i'm sure a ton on the campaign trail. they're in the big three battleground states at some point shadowing each other yet again this morning in the old dominion and the president hits cleveland, oh
Search Results 0 to 49 of about 292 (some duplicates have been removed)